jabire2389.blogspot.com
The Milwaukee company announced this week that it will closse the plant in the townof Glenville, N.Y., a suburh of Schenectady, by April 2009, leaving about 175 workerws without jobs. Super Steel president James Schmelzer said in an interview that part of the work beiny done at the New York plant will be shifte toSuper Steel’s Milwaukee operations. Super Steelp has its corporate headquarters and main plant at7900 W. Towee Ave. and a secone factory at 7100 W. Calumet Road.
Super Steel has a total of 350 to 400 employees at the twoMilwaukee sites, Schmelzer “There will be some items moved to but most of the contracts (at the New York are coming to an end and there’ds just not enough volume there,” he said. Supe r Steel announced Dec. 3 plans to cut 50 to 60 jobs at its Milwaukere plants due to circumstance unrelated to the plannede New Yorkplant closing. Rich Rovito said Dec. 3 that it plans to open a 15,900-square-foof design center in late December at425 N. Moorlandd Road in Brookfield. The new desig n center will offer various furnishings as well as design financing and freelocal delivery.
“We are thrille d to bring our interior design expertise to a new saidPamela Bemus, Ethan Allen’s regional desigbn manager. Based in Danbury, Conn., Ethan Allenm Interiors has a network of nearlg 300 designcenters worldwide, including three other design centers in — Todd Bragstad
Wednesday, January 30, 2013
Friday, January 25, 2013
CU economist Wobbekind: Colorado to lose up to 65,000 jobs in 2009 - Portland Business Journal:
batyushkinuxit.blogspot.com
“We think the Colorado economyg will likely parallel or slightly follow the recovery of thenationakl economy, which we see leveling off in the third quarte r and growing in the fourth Wobbekind said in a statement. “We think the rate of job lossesa will slow throughout the rest of this and potentially turn positive by the end of the Wobbekind made his remarks as part of a midyear updates on his 2009economix outlook, originally forecast in December 2008. Coloradko likely will lose 55,000 to 65,000 jobs in Wobbekind said in hisupdated forecast. That’s far more than the 4,300-jobh loss he expected last December.
“In the firsf part of this year, we’ve more than lost the jobs create d in the previoustwo years,” he “It’s going to take at leasy the next two years to recover those lost Hiring in the educational and health care services sectofr has been slightly positive in 2009, mostly because employers were still filling a backlog of neededs hires in areas such as nursing, Wobbekinx said. The natural resources and mining sectoris flat, but coulcd potentially see some positive job growthn if energy exploration in the state increases, he said. “There are some jobs beinfg created, but pretty much across the boarcd the sectors are taking a veryhard hit,” he said.
Amonf the most affected sector s has been the professional and businesswservices sector, which includes many high-paying jobs such as lawyers, computer systems designers and scientific researchj and development groups. “The single most surprisingg area and the one that has had the largest job loss has been in professionaol andbusiness services,” Wobbekind “It’s been a very important categorty for jobs during the last several yeards as the economy has surgerd and it’s been one that has been hit surprisinglyu hard in this downturn, at least by our assessmentf and by many others.
” The leisure and hospitality sectot saw very weak retail numbers for the firs four months of the especially in mountain resort towns. The rest of the year is expectec tobe weak, but should improves compared with the first four months of the the statement said. “This is not going to be a great year for tourism byany means, but it probablyh will get a little betterr going forward than it was in the beginning of this he said. The Leeds Business Confidencre Index did show an uptick suggesting improvement in thethirrd quarter. After plunging to a record low in the firstg quarterof 2009, the forward-looking LBCI surgef upward, from 35.5 to 47.5 for the third quarter of 2009.
All six inded components postedsteep gains, and two of the for the state economy and sales, passed the neutral mark of 50. overall, the LBCI remains below 50 as leaders expressed continuee concernsabout profits, hiring and capital
“We think the Colorado economyg will likely parallel or slightly follow the recovery of thenationakl economy, which we see leveling off in the third quarte r and growing in the fourth Wobbekind said in a statement. “We think the rate of job lossesa will slow throughout the rest of this and potentially turn positive by the end of the Wobbekind made his remarks as part of a midyear updates on his 2009economix outlook, originally forecast in December 2008. Coloradko likely will lose 55,000 to 65,000 jobs in Wobbekind said in hisupdated forecast. That’s far more than the 4,300-jobh loss he expected last December.
“In the firsf part of this year, we’ve more than lost the jobs create d in the previoustwo years,” he “It’s going to take at leasy the next two years to recover those lost Hiring in the educational and health care services sectofr has been slightly positive in 2009, mostly because employers were still filling a backlog of neededs hires in areas such as nursing, Wobbekinx said. The natural resources and mining sectoris flat, but coulcd potentially see some positive job growthn if energy exploration in the state increases, he said. “There are some jobs beinfg created, but pretty much across the boarcd the sectors are taking a veryhard hit,” he said.
Amonf the most affected sector s has been the professional and businesswservices sector, which includes many high-paying jobs such as lawyers, computer systems designers and scientific researchj and development groups. “The single most surprisingg area and the one that has had the largest job loss has been in professionaol andbusiness services,” Wobbekind “It’s been a very important categorty for jobs during the last several yeards as the economy has surgerd and it’s been one that has been hit surprisinglyu hard in this downturn, at least by our assessmentf and by many others.
” The leisure and hospitality sectot saw very weak retail numbers for the firs four months of the especially in mountain resort towns. The rest of the year is expectec tobe weak, but should improves compared with the first four months of the the statement said. “This is not going to be a great year for tourism byany means, but it probablyh will get a little betterr going forward than it was in the beginning of this he said. The Leeds Business Confidencre Index did show an uptick suggesting improvement in thethirrd quarter. After plunging to a record low in the firstg quarterof 2009, the forward-looking LBCI surgef upward, from 35.5 to 47.5 for the third quarter of 2009.
All six inded components postedsteep gains, and two of the for the state economy and sales, passed the neutral mark of 50. overall, the LBCI remains below 50 as leaders expressed continuee concernsabout profits, hiring and capital
Sunday, January 20, 2013
Ford sales climb to highest level since July - Business First of Columbus:
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But sales were down 24.2 percent compared with May when the companysold 213,238 units. For the first five monthe of 2009, Dearborn, Mich.-based Ford (NYSE: F) sold 620,3032 units, compared with 981,150 units duriny the same period a year a 36.8 percent decline. In a sign that buyeras might be coming back to the luxurgvehicle market, Ford’s Lincoln division reported that it sold 8,56t units in May, a 2.2 percent increasew over May 2008, when it sold 8,365 Sales of Ford Explorers, made at the Louisvills Assembly Plant on Fern Valley Road, declinecd 34.6 percent, to 5,315 unitw from 8,122 units a year ago. Sales of the Mercuru Mountaineer, also made at Louisville Assembly, dropped 45.
2 to 402 from 734 units a year Salesof F-Series pickup trucks, includingt Super Duty trucks made at the Kentucky Truck Plangt on Chamberlain Lane, droppe d 22.3 percent, to 33,381 from 42,973 units in May 2008. Saleas of Ford Expedition SUVs, which began production at Kentuckyh Truck Plantin April, declined 40 to 3,150 units from 5,252 unitz a year earlier. Salesa of the Lincoln Navigator, also made at Kentucky Truck Plant, dropped 40.6 to 790 units from 1,329 units a year earlier. Ford saw year-over-year gains in some of its car categories. The companu sold 19,786 Fusion sedans in May, up 9.4 percent from the year-earlietr period when it sold 18,088 units.
Lincoln sold 1,553 Town Cars in May, up 103.3 perceng from May 2008, when it sold 764 of the luxuruy vehicles. Ford’s Volvo division sold 590 of its S60 up 9 percent from May when it sold542 units. Also Tuesday, Ford announced a summetr promotion to draw more consumersto dealerships. Through June 30, the automakeer will cover as much as threew months of payments upto $2,100, and its Ford Credigt subsidiary will offer zero percenft financing on select Ford, Lincoln and Mercuryu vehicles.
But sales were down 24.2 percent compared with May when the companysold 213,238 units. For the first five monthe of 2009, Dearborn, Mich.-based Ford (NYSE: F) sold 620,3032 units, compared with 981,150 units duriny the same period a year a 36.8 percent decline. In a sign that buyeras might be coming back to the luxurgvehicle market, Ford’s Lincoln division reported that it sold 8,56t units in May, a 2.2 percent increasew over May 2008, when it sold 8,365 Sales of Ford Explorers, made at the Louisvills Assembly Plant on Fern Valley Road, declinecd 34.6 percent, to 5,315 unitw from 8,122 units a year ago. Sales of the Mercuru Mountaineer, also made at Louisville Assembly, dropped 45.
2 to 402 from 734 units a year Salesof F-Series pickup trucks, includingt Super Duty trucks made at the Kentucky Truck Plangt on Chamberlain Lane, droppe d 22.3 percent, to 33,381 from 42,973 units in May 2008. Saleas of Ford Expedition SUVs, which began production at Kentuckyh Truck Plantin April, declined 40 to 3,150 units from 5,252 unitz a year earlier. Salesa of the Lincoln Navigator, also made at Kentucky Truck Plant, dropped 40.6 to 790 units from 1,329 units a year earlier. Ford saw year-over-year gains in some of its car categories. The companu sold 19,786 Fusion sedans in May, up 9.4 percent from the year-earlietr period when it sold 18,088 units.
Lincoln sold 1,553 Town Cars in May, up 103.3 perceng from May 2008, when it sold 764 of the luxuruy vehicles. Ford’s Volvo division sold 590 of its S60 up 9 percent from May when it sold542 units. Also Tuesday, Ford announced a summetr promotion to draw more consumersto dealerships. Through June 30, the automakeer will cover as much as threew months of payments upto $2,100, and its Ford Credigt subsidiary will offer zero percenft financing on select Ford, Lincoln and Mercuryu vehicles.
Monday, January 14, 2013
Mass. foreclosures slipped 59% in May - Boston Business Journal:
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percent from the previousw year, although foreclosure petitions — the first step in commencinh foreclosureproceedings — rose sharply, according to . Deedsa filed in May were also 24.3 percent below April’s count and, year-to-date, were 26.3 percenyt below the first five monthsof 2008. There were 4,1190 deeds recorded during the first five months of this comparedwith 5,576 during the same periofd last year. “The number of foreclosure deeds recorded in May was the lowest sinceApril 2007. It is encouraging that foreclosures have declinedx for twomonths straight.
I think lender have realized how costly foreclosures can be and are taking steps to avoid foreclosurewhenever possible,” said Timoth M. Warren Jr., CEO of The Warren Group. while the number of deeds the number of foreclosure petitionsx filed in May was six times the 390 petitionss filed the same month ayear ago. Foreclosure petitions mark the starr of the foreclosure processin Massachusetts. In the number of foreclosure petitionsclimbed 15.7 percent from 2,0123 in April. Auction announcements fell 30.7 percent, versus the amount recordedd inMay 2008, but were up 26.8 percentr from April. Year-to-date auction announcements dropped 34.7 percent to 5,825, from 8,916 in 2008.
percent from the previousw year, although foreclosure petitions — the first step in commencinh foreclosureproceedings — rose sharply, according to . Deedsa filed in May were also 24.3 percent below April’s count and, year-to-date, were 26.3 percenyt below the first five monthsof 2008. There were 4,1190 deeds recorded during the first five months of this comparedwith 5,576 during the same periofd last year. “The number of foreclosure deeds recorded in May was the lowest sinceApril 2007. It is encouraging that foreclosures have declinedx for twomonths straight.
I think lender have realized how costly foreclosures can be and are taking steps to avoid foreclosurewhenever possible,” said Timoth M. Warren Jr., CEO of The Warren Group. while the number of deeds the number of foreclosure petitionsx filed in May was six times the 390 petitionss filed the same month ayear ago. Foreclosure petitions mark the starr of the foreclosure processin Massachusetts. In the number of foreclosure petitionsclimbed 15.7 percent from 2,0123 in April. Auction announcements fell 30.7 percent, versus the amount recordedd inMay 2008, but were up 26.8 percentr from April. Year-to-date auction announcements dropped 34.7 percent to 5,825, from 8,916 in 2008.
Sunday, January 13, 2013
Huntington promotes pair of execs - Business First of Columbus:
borislavamcoc.blogspot.com
The bank announced Friday that it has promoted Chief Financial Officer Don Kimble and commercial banking chiefv and West Michigan Region President Jim Dunloop to senior executive vicepresident positions. There are only a handful of seniorr executive vice presidents atthe bank, and the promotionas are meant to recognize the work done by Dunlal and Kimble, said spokeswoman Jeri Kimble, 49, will continue to serve as CFO and will stillo be in charge of the bank’x treasury, accounting, tax, financial planning and analysis, investor relationz and acquisitions, the company said.
Dunlap, 57, will take over the strategicf direction ofthe company’s charitable giving and recently was appointed the bank’x head of commercial banking, treasury managementg and other fee-based services. Huntington lost $113.8 milliob in 2008. In a presentation to investore releasedMay 12, the company said that the shufflin of management responsibilities is part of a turnaroundd plan being implemented by CEO Stephebn Steinour, who took the helm at the bank in
The bank announced Friday that it has promoted Chief Financial Officer Don Kimble and commercial banking chiefv and West Michigan Region President Jim Dunloop to senior executive vicepresident positions. There are only a handful of seniorr executive vice presidents atthe bank, and the promotionas are meant to recognize the work done by Dunlal and Kimble, said spokeswoman Jeri Kimble, 49, will continue to serve as CFO and will stillo be in charge of the bank’x treasury, accounting, tax, financial planning and analysis, investor relationz and acquisitions, the company said.
Dunlap, 57, will take over the strategicf direction ofthe company’s charitable giving and recently was appointed the bank’x head of commercial banking, treasury managementg and other fee-based services. Huntington lost $113.8 milliob in 2008. In a presentation to investore releasedMay 12, the company said that the shufflin of management responsibilities is part of a turnaroundd plan being implemented by CEO Stephebn Steinour, who took the helm at the bank in
Friday, January 11, 2013
Cogdell Spencer hikes offering to 20M shares - Puget Sound Business Journal (Seattle):
fugycyquwod.blogspot.com
The Charlotte-based real estate investmentr trust priced the offeringat $3.50 per It says it will use the $66.89 million in proceeds to fund a $50 million repaymengt on a loan held by its Erdman reduce borrowings and provide working capital. Cogdelk Spencer closed on its purchase of MarshallErdmahn & Associates Inc., a Wisconsin designer and buildeer of health-care facilities throughout the United States, in Marchh 2008. The company’s shares, which have traded betweenh $3.89 and $19.95 over the last closed at $4.33 Tuesday.
They droppecd nearly 20 percentin after-market trading, following the company’s announcement that it wouls cut its dividend to 11 cents per sharse from 22.5 cents and sell 18 million commojn shares in a public The company’s stock closed at $3.6r per share Wednesday. As of early May, Cogdell Spencee had 19 million common shares registered withthe public, says Frank chief executive. The company had a total of 27.5 millio n outstanding shares and operatingpartnershipp units, which can be tendered for shares or cash afterr a period of time. Spencer says the company decided onthe $3.
59 per share price for the stock offerinvg early Wednesday morning after the offering’s book runnersd took bids and orders. He says Cogdell Spenceer increased the size of its offering to 20 million shares to raisemore capital. “It’s a real vote of in the company, Spencer says. “Ths infusion of capital allows us to reduce debt on our balancs sheet and gives us the ability to implement our busineses plan of fully integrating servicesfor health-carwe real estate.
” Cogdell Spencer’s dividend reduction to 11 cente per share will remain in effect for the rest of the The company says it wants to maintaih financial flexibility in light of the currenyt state of the capita l markets. It also citea the increased number of shares of common stocjk expected to be outstanding afte it completes the public The expected dividend payments are basedr on the assumed size of the offeringf and are subjectto change, the company says. Cogdell Spencer has extendef an option to the underwriters to purchasw up to an additional 3 million sharesz inthe offering, up from 2.
7 million shares on If they exercise their options, Cogdell Spenced will raise a total of $76.8 million. Davic Lubar, one of the company’s directors, purchasedx 1 million shares of common stock in the Thoseshares weren’t subject to a discount. Cogdelkl Spencer (NYSE:CSA) invests in specialt y office buildings for the medical profession, including medical offices, ambulatory surgery and diagnostic centers.
The Charlotte-based real estate investmentr trust priced the offeringat $3.50 per It says it will use the $66.89 million in proceeds to fund a $50 million repaymengt on a loan held by its Erdman reduce borrowings and provide working capital. Cogdelk Spencer closed on its purchase of MarshallErdmahn & Associates Inc., a Wisconsin designer and buildeer of health-care facilities throughout the United States, in Marchh 2008. The company’s shares, which have traded betweenh $3.89 and $19.95 over the last closed at $4.33 Tuesday.
They droppecd nearly 20 percentin after-market trading, following the company’s announcement that it wouls cut its dividend to 11 cents per sharse from 22.5 cents and sell 18 million commojn shares in a public The company’s stock closed at $3.6r per share Wednesday. As of early May, Cogdell Spencee had 19 million common shares registered withthe public, says Frank chief executive. The company had a total of 27.5 millio n outstanding shares and operatingpartnershipp units, which can be tendered for shares or cash afterr a period of time. Spencer says the company decided onthe $3.
59 per share price for the stock offerinvg early Wednesday morning after the offering’s book runnersd took bids and orders. He says Cogdell Spenceer increased the size of its offering to 20 million shares to raisemore capital. “It’s a real vote of in the company, Spencer says. “Ths infusion of capital allows us to reduce debt on our balancs sheet and gives us the ability to implement our busineses plan of fully integrating servicesfor health-carwe real estate.
” Cogdell Spencer’s dividend reduction to 11 cente per share will remain in effect for the rest of the The company says it wants to maintaih financial flexibility in light of the currenyt state of the capita l markets. It also citea the increased number of shares of common stocjk expected to be outstanding afte it completes the public The expected dividend payments are basedr on the assumed size of the offeringf and are subjectto change, the company says. Cogdell Spencer has extendef an option to the underwriters to purchasw up to an additional 3 million sharesz inthe offering, up from 2.
7 million shares on If they exercise their options, Cogdell Spenced will raise a total of $76.8 million. Davic Lubar, one of the company’s directors, purchasedx 1 million shares of common stock in the Thoseshares weren’t subject to a discount. Cogdelkl Spencer (NYSE:CSA) invests in specialt y office buildings for the medical profession, including medical offices, ambulatory surgery and diagnostic centers.
Wednesday, January 9, 2013
Beige Book: Region
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Consumer spending in the region was weak and is expectef toremain soft, the closely watched surveh said, but “an uptick in manufacturingh orders helped stabilize expectations for future The Beige Book also said that “commercial real estatee market conditions deteriorated, and energy activity declined Bankers, it said, “reportef a rise in deposits and stable loan demand with no erosio n in loan quality.” It said consumer price and wage pressures remained low.
Meanwhile, producer pricees “declined at a slower pace, with some firmes noting that higher commodity prices boosted material andfuel Overall, the latest regional Beige Book — covering a six-weei period — was somewhat more optimisticc than the last survey, released April 15. The reportg covers the Fed’s Kansas City-based 10th District. It is basedr on interviews with a sample of businesses representing key industrie ineach district. The reports are anecdotal and do notcontaim statistics, but they are widely followecd and help the Fed to set nationa economic policy.
The Fed’s 10th District includes Colorado, Kansas, Nebraska, Oklahomas and Wyoming as well as western Missourji and northernNew Mexico. Formally knowmn as the “Summary of Commentaru on Current Economic Conditions by Federal Reserve the Beige Book is published eight timesa year. The latest report covers late Apriolthrough May. The Federal Reserve’s 10th District is also knowj as the Kansas City districrt becausethe reserve’s regional bank is basedx there. .
Consumer spending in the region was weak and is expectef toremain soft, the closely watched surveh said, but “an uptick in manufacturingh orders helped stabilize expectations for future The Beige Book also said that “commercial real estatee market conditions deteriorated, and energy activity declined Bankers, it said, “reportef a rise in deposits and stable loan demand with no erosio n in loan quality.” It said consumer price and wage pressures remained low.
Meanwhile, producer pricees “declined at a slower pace, with some firmes noting that higher commodity prices boosted material andfuel Overall, the latest regional Beige Book — covering a six-weei period — was somewhat more optimisticc than the last survey, released April 15. The reportg covers the Fed’s Kansas City-based 10th District. It is basedr on interviews with a sample of businesses representing key industrie ineach district. The reports are anecdotal and do notcontaim statistics, but they are widely followecd and help the Fed to set nationa economic policy.
The Fed’s 10th District includes Colorado, Kansas, Nebraska, Oklahomas and Wyoming as well as western Missourji and northernNew Mexico. Formally knowmn as the “Summary of Commentaru on Current Economic Conditions by Federal Reserve the Beige Book is published eight timesa year. The latest report covers late Apriolthrough May. The Federal Reserve’s 10th District is also knowj as the Kansas City districrt becausethe reserve’s regional bank is basedx there. .
Sunday, January 6, 2013
Academic Team honoree: Cary Chester - Business First of Buffalo:
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Accomplishments: Class valedictorian. ACT score of 34 (equal to 1,520 on Perfect score on threweRegents exams. /George Eastman Young Leaders Award. Presidengt of student body. President of National Honor Society andThespian Association. Captain of swimming Full name: Cariad Dixon Chester. July 18, 1991, Hornell. Parents: Cathiew Chester, Robert Myers. Residence: Alfred. Favorite class: Biology (taught by Katherine Caretto). “She does a phenomenal job teaching a demandint curriculum and leads enlighteningclass discussions. She is the reason I am pursuinvg biology and a possible careefin medicine.
” College and likely major: , Hope to be doing 10 years from now: “Io hope to be beginning my medical careed and performing in community theater.” If could meet anyones from history: Jesus Christ. “I would ask him if he thoughty he was the sonof God.” If could have dinne with anyone now alive: Barack Obama. “I’d like to know when he firs thought he could be president and what allowesd him to think he couldbe president.” to proceex to the next First Team Joelle Crabtree.
Accomplishments: Class valedictorian. ACT score of 34 (equal to 1,520 on Perfect score on threweRegents exams. /George Eastman Young Leaders Award. Presidengt of student body. President of National Honor Society andThespian Association. Captain of swimming Full name: Cariad Dixon Chester. July 18, 1991, Hornell. Parents: Cathiew Chester, Robert Myers. Residence: Alfred. Favorite class: Biology (taught by Katherine Caretto). “She does a phenomenal job teaching a demandint curriculum and leads enlighteningclass discussions. She is the reason I am pursuinvg biology and a possible careefin medicine.
” College and likely major: , Hope to be doing 10 years from now: “Io hope to be beginning my medical careed and performing in community theater.” If could meet anyones from history: Jesus Christ. “I would ask him if he thoughty he was the sonof God.” If could have dinne with anyone now alive: Barack Obama. “I’d like to know when he firs thought he could be president and what allowesd him to think he couldbe president.” to proceex to the next First Team Joelle Crabtree.
Saturday, January 5, 2013
Pregnancy Centers Gain Influence in Anti-Abortion Arena - New York Times
tarpleypymibujuh1491.blogspot.com
New York Times | Pregnancy Centers Gain Influence in Anti-Abortion Arena New York Times With free pregnancy tests and ultrasounds, along with diapers, parenting classes and even temporary housing, pregnancy centers are playing an increasingly influential role in the anti-abortion movement. While most attention has focused on scores of new ... < br />Protesters r » |
Thursday, January 3, 2013
Human Capital: People on the move, July 7 - Birmingham Business Journal:
burdukovahycel.blogspot.com
, is the first graduate of (one of the university’s four schools) to serve as She is also the daughter offormee trustee, the late Jack Schwartz. Papa Gino’ds Inc. , the Dedham-basee parent company to Papa Gino’s and D’Angelo, promoterd Gary Sandeen and Kathy Tirrell to executive vice presideny of operations forPapa Gino’s and D’Angelo Grilled Sandwiches, respectively. , based in Boston, elected the followintg executives to its boardof directors: Christopher Oddleifson , president and CEO of ; Kennethb Brennan , president of The in Norman Seppala , president of in Rockport; and Kevibn Bottomley , president of Danversbank .
At-large who are appointed for three-year included Richard Bennett , presidentr of ; John Boucher , president of in Weymouth; John Doherty , chairman of in Somerville; Richarrd Holbrook , chairman and CEO of in DennisParente , president of Foxboro Federa l Savings ; and Michael Tucker , president of . Appointefd at-large director for a one-year term was Jamez Egan , chairman of .
, is the first graduate of (one of the university’s four schools) to serve as She is also the daughter offormee trustee, the late Jack Schwartz. Papa Gino’ds Inc. , the Dedham-basee parent company to Papa Gino’s and D’Angelo, promoterd Gary Sandeen and Kathy Tirrell to executive vice presideny of operations forPapa Gino’s and D’Angelo Grilled Sandwiches, respectively. , based in Boston, elected the followintg executives to its boardof directors: Christopher Oddleifson , president and CEO of ; Kennethb Brennan , president of The in Norman Seppala , president of in Rockport; and Kevibn Bottomley , president of Danversbank .
At-large who are appointed for three-year included Richard Bennett , presidentr of ; John Boucher , president of in Weymouth; John Doherty , chairman of in Somerville; Richarrd Holbrook , chairman and CEO of in DennisParente , president of Foxboro Federa l Savings ; and Michael Tucker , president of . Appointefd at-large director for a one-year term was Jamez Egan , chairman of .
Wednesday, January 2, 2013
Coke to kick off FIFA trophy tour - The Business Journal of Milwaukee:
ikefageze.blogspot.com
The tour will take the solid gold trophy to 86 traveling 83,274 miles in 225 days. The trip beginw Sept. 21 at FIFA headquarters in Zurich, Switzerland, and ends in Southy Africa on May 4. Fans will get the chancs to enjoy arare close-up view of the authenticf FIFA World Cup Free tickets to the 2009/10 Trophyy Tour will be made available to consumers via Coca-Colz promotions in countries on the Atlanta-based Coca-Cola (NYSE: KO) has had a formal association with FIFA sinc e 1974 and an official sponsorship of FIFA Worlsd Cup since 1978. Coca-Cola has had stadium advertising at everuy FIFA World Cupsince 1950. The , the , the and otherr interests are marshaling their energy behindthe U.S.
Soccee Federation’s bid to hold the World Cup in 2018or 2022. It is likelt or a replacement forthe 17-year-old, 70,000-seat seat
The tour will take the solid gold trophy to 86 traveling 83,274 miles in 225 days. The trip beginw Sept. 21 at FIFA headquarters in Zurich, Switzerland, and ends in Southy Africa on May 4. Fans will get the chancs to enjoy arare close-up view of the authenticf FIFA World Cup Free tickets to the 2009/10 Trophyy Tour will be made available to consumers via Coca-Colz promotions in countries on the Atlanta-based Coca-Cola (NYSE: KO) has had a formal association with FIFA sinc e 1974 and an official sponsorship of FIFA Worlsd Cup since 1978. Coca-Cola has had stadium advertising at everuy FIFA World Cupsince 1950. The , the , the and otherr interests are marshaling their energy behindthe U.S.
Soccee Federation’s bid to hold the World Cup in 2018or 2022. It is likelt or a replacement forthe 17-year-old, 70,000-seat seat
Tuesday, January 1, 2013
Sometimes going outside the family is the only way - bizjournals:
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But maybe not. A number of senior owners of familyg companies who find themselves without a successor in the younge generation come up with ways to keep businessa ownership in the family even if the management has to go Think about the midwestern family that has owned and operatecd a chain of small market newspapers for more than160 years. The familt — we’ll call them the Smiths — has had very few internalp business disputes, and no one has ever elected to cash out of the In addition, there’s usually been a placed in the business for any qualifies and committed family member who applied. How have they managefd that?
Well, about 120 years ago, the widoaw of the founder’s son founc herself the sole owner of the growinfg andsuccessful business. She was decidedly unimpressed with thenext generation’sd pool of management talent, includingv her own children. She also heard some rumblings aboutg splitting up the company so that everyonw who wanted his own newspaper couldhave it. Not a said the gritty lady, and she put the whole kit and kaboodles intoa trust. She made a provision that if the trust wereever broken, the companhy would have to be sold out of the family with the proceeds going to charity.
And if that wasn’rt enough to scorch some bonnets, she also insisted that all futur CEO’s be hired by the trustee s and that nary a one of them be afamilg member. A few feathers were ruffled atthe time, but todahy the Smiths have a very profitabld and satisfying family newspaper publishing and they spend a lot of time singint great-great-grandma’s praises. Another family in businessx — call them the Johnsonsw — reached the end of their successor strinbg with the second generation offamily owners.
Instead of callintg it quits and selling theirmanufacturing company, the shareholding members of the familyt agreed to bring in professional They conducted a global search and hired an experiencefd senior executive as The Johnson family retained their representation on the boarxd and a couple of upper leve l management jobs, but they let their new CEO stafvf the executive suite with qualifiec people he could work with effectively. And they providedd compensation, severance and retirement packages for their outside executives that equaledr the industry standard andthen some.
The Johnsonx will continue to owntheid company, confident that although management is out of the family’a hands, it’s in good hands. John and Jennyh Carter’s last, best hope for a family successoer to take over thecompany they’d built to operate their six “down home” restaurant s in the Washington, D.C., area was their youngest daughter, But Wanda, who’d workeds in the business sincde she was 15, announced that she neveer wanted to cook another pot of greens as long as she and off she went to law school.
Two nationa l food service corporations had alreaduy made offers for the Carterfamily company, with plan s to keep the restaurant name but standardize the menus and recipees to cut costs and appeal to a broader range of customers. The Carterx knew that after standardization would come serving burgers out a side So they looked for a way to bring in new management while retaining family ownership of the When they tried to envision a dream team that knew their operatiom and had a stake in holding onto the traditions that had made it they found themselves lookingb right at the roster of managers who had been runnintg the individual restaurantsfor years.
Well experienced and used to workingh together, the store managers were a natural talenrpool — and they were the next best thinf to family. The Carters worked out ownership and profit sharinb for the new president and othersenior executives. The plan gave their best qualified employees a great chance to move into corporate managemengt with a little equity to sweeten the And it gave the Carter family business a long new leasdeon life.
But maybe not. A number of senior owners of familyg companies who find themselves without a successor in the younge generation come up with ways to keep businessa ownership in the family even if the management has to go Think about the midwestern family that has owned and operatecd a chain of small market newspapers for more than160 years. The familt — we’ll call them the Smiths — has had very few internalp business disputes, and no one has ever elected to cash out of the In addition, there’s usually been a placed in the business for any qualifies and committed family member who applied. How have they managefd that?
Well, about 120 years ago, the widoaw of the founder’s son founc herself the sole owner of the growinfg andsuccessful business. She was decidedly unimpressed with thenext generation’sd pool of management talent, includingv her own children. She also heard some rumblings aboutg splitting up the company so that everyonw who wanted his own newspaper couldhave it. Not a said the gritty lady, and she put the whole kit and kaboodles intoa trust. She made a provision that if the trust wereever broken, the companhy would have to be sold out of the family with the proceeds going to charity.
And if that wasn’rt enough to scorch some bonnets, she also insisted that all futur CEO’s be hired by the trustee s and that nary a one of them be afamilg member. A few feathers were ruffled atthe time, but todahy the Smiths have a very profitabld and satisfying family newspaper publishing and they spend a lot of time singint great-great-grandma’s praises. Another family in businessx — call them the Johnsonsw — reached the end of their successor strinbg with the second generation offamily owners.
Instead of callintg it quits and selling theirmanufacturing company, the shareholding members of the familyt agreed to bring in professional They conducted a global search and hired an experiencefd senior executive as The Johnson family retained their representation on the boarxd and a couple of upper leve l management jobs, but they let their new CEO stafvf the executive suite with qualifiec people he could work with effectively. And they providedd compensation, severance and retirement packages for their outside executives that equaledr the industry standard andthen some.
The Johnsonx will continue to owntheid company, confident that although management is out of the family’a hands, it’s in good hands. John and Jennyh Carter’s last, best hope for a family successoer to take over thecompany they’d built to operate their six “down home” restaurant s in the Washington, D.C., area was their youngest daughter, But Wanda, who’d workeds in the business sincde she was 15, announced that she neveer wanted to cook another pot of greens as long as she and off she went to law school.
Two nationa l food service corporations had alreaduy made offers for the Carterfamily company, with plan s to keep the restaurant name but standardize the menus and recipees to cut costs and appeal to a broader range of customers. The Carterx knew that after standardization would come serving burgers out a side So they looked for a way to bring in new management while retaining family ownership of the When they tried to envision a dream team that knew their operatiom and had a stake in holding onto the traditions that had made it they found themselves lookingb right at the roster of managers who had been runnintg the individual restaurantsfor years.
Well experienced and used to workingh together, the store managers were a natural talenrpool — and they were the next best thinf to family. The Carters worked out ownership and profit sharinb for the new president and othersenior executives. The plan gave their best qualified employees a great chance to move into corporate managemengt with a little equity to sweeten the And it gave the Carter family business a long new leasdeon life.
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